Corrects Nomura's PT to 1,930 rupees, not 1.930 rupees in bullet point 4

** Shares of India's Adani Ports and Special Economic Zone APSE.NS rise 2.30% to 1727 rupees; top gainer on the Nifty Infrastructure .NIFTYINFR index, which is up ~0.4%

** The private port operator plans to expand its marine business into Europe with ~$1.36 billion capex through FY31
** Partners with U.S.-based Oceaneering OII.N to build offshore and subsea capabilities

** Nomura ("buy", PT: 1,930 rupees) says expansion supports co's global marine push, driven by diversification, higher-margin offshore work

** Expects overall annual EBITDA growth of 19% over FY26-FY28, with ports, logistics and marine segments growing 18%, 30% and 29%, respectively

** APSE rated "buy" on average by 25 analysts, median PT: 1,883 rupees - LSEG data

** YTD, stock up ~17.3% vs NIFTYINFR's ~4.7% declines